The Balance Sheet Given Below Is Presented for the Partnership

question 27

Multiple Choice

The balance sheet given below is presented for the partnership of Janet,Anton,and Millet:
The partners share profits and losses in the ratio of 5:3:2,respectively.The partners agreed to dissolve the partnership after selling the other assets for $50,000.On dissolution of the partnership,Janet should receive:

• A)$0.
• B)$80,000.
• C)$10,000.
• D)$30,000.

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Definitions:

Synapse

The space between two neurons across which impulses are carried by neurotransmitters.

Neurons

Specialized cells of the nervous system that transmit information to other nerve cells, muscle, or gland cells.

Anabolic Steroids

Synthetic substances similar to the male hormone testosterone, used to increase muscle mass and strength.

Irrationally Aggressive

Exhibiting aggressive behavior without a reasonable cause or in a manner disproportionate to the situation.